Triple fronted landholding near prestigious Huntingdale Golf Course in Melbourne’s south-east for sale

MELBOURNE 16 September 2021 – A prominent landholding in Melbourne’s south-eastern suburb of Huntingdale has come to market, providing a range of development outcomes including apartments, townhouses and retirement living (STCA).

JLL’s Executive Director of Capital Markets- (Victoria), Josh Rutman, Director Jesse Radisich and Associate MingXuan Li have been appointed to sell 256-262 Huntingdale Road via an Expressions-Of-Interest campaign. The 4,132 sqm site is expected to receive offers of more than $9 million.

The site is centrally positioned amongst the biggest and most important employment and activity hubs in Melbourne’s south-east, including Monash University, the Monash health and medical precinct and Chadstone Shopping Centre.

Mr Rutman said, “There is an undeniable growth story that continues to unfold in Melbourne’s booming south-east. We are seeing a massive uplift in demand for development opportunities as Melbourne continues to grow and the rush for housing and development continues throughout the south-eastern suburbs. Offering a thriving, mixed-use activity centre with diverse residential, employment and recreation options that are all accessible via strong public transport options, the Huntingdale precinct is destined to become a key hub in Melbourne’s south-east.”

The median house price in Huntingdale is now at $1,281,500, and the suburb has enjoyed a 94% growth in the median house price over the past eight years.

Mr Radisich said, “Huntingdale is a small and exclusive suburb positioned just 15km from the CBD that was recently recognised as Melbourne’s most tightly held suburb with the lowest turnover of residential property. In addition, the median house price of the suburb is now nudging $1,300,000, so it is inevitable that we will see developers flock to the suburb to deliver more affordable, high density projects as demand for the location continues to grow. The location ticks all the boxes in terms of amenity, public transport and access to employment hubs.”

The site is positioned within the proposed Huntingdale Precinct Plan which provides significant future upside potential with the site earmarked for six-levels, and extended settlement terms are on offer for prospective purchasers.

The site is within easy walking distance to the vibrant Huntingdale Village shopping strip and Huntingdale Train Station, and a short drive to the Monash University and Monash medical precinct.

Expressions-Of-Interest for 256-262 Huntingdale Road, Huntingdale close on Wednesday 20 October 2021 at 2:00pm (AEDT).